Maximize profit based on the price move

Viewing 10 posts - 1 through 10 (of 10 total)

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Posts
12/08/2021 at 7:44 AM #182979 quote
Amin1233
Participant

Junior
Hi , Anyone can help with the below code please??

the idea is to not exit a position if it is still going your way. So if longonmarket and it is in profit (+15 points) then update the target profit to 50 and only exit when the candle finishes lower than the previous candle.
```
if longonmarket and  close[0]-positionprice>15 then
set target profit 40
if close[0]<lowest[1] then
sell countofposition contracts at market
endif
endif
```
Not sure what is wrong, but it only changes the target profit and the second condition doesnt work.
12/08/2021 at 9:43 AM #182986 quote
robertogozzi
Moderator

Legend
Try this:
```
if not OnMarket then
   flag = 0
endif
if longonmarket and  close[0]-positionprice>15 then
   set target profit 40
   flag = 1
endif
if close[0]<lowest[1] and flag then
   sell countofposition contracts at market
endif
```
12/08/2021 at 10:33 AM #182994 quote

murre87
Participant

Senior

Intressting topic. An active TP need an active SL too.
How do u manage SL in ur strategy Amin1233?

12/08/2021 at 12:45 PM #183006 quote

Amin1233
Participant

Junior

Hi Roberto. Still not working. I try to only add the second part to test and it just doesnt make any difference to the result which is impossible.

if not OnMarket then
flag = 0
endif
if longonmarket and close[0]-positionprice>15 then

flag = 1
endif
if close[0]<lowest[1] and flag then
sell countofposition contracts at market
endif

12/08/2021 at 12:46 PM #183007 quote

Amin1233
Participant

Junior

Murre, I dont change the SL.In this strategy you wouldnt need Stop loss because when the price goes below the last bar it should exit.

12/08/2021 at 3:38 PM #183020 quote

JC_Bywan
Moderator

Master

Hi, “candle finishes lower than previous candle” is close[0]<low[1], not close[0]<lowest[1]

robertogozzi thanked this post

12/08/2021 at 11:19 PM #183048 quote

Amin1233
Participant

Junior

thanks

01/06/2022 at 11:26 AM #184743 quote

RichardVeen
Participant

Junior

Hi,

The code above is a great idea but it is not working for me.

Below the code I testen and the target is not moving despite of the fact that the close(0) – positionprice > 5

What is wrong with the code?

//profit & loss
SET TARGET PROFIT 40
SET STOP pLOSS 20

if not OnMarket then
flag = 0
endif
if longonmarket and close[0]-positionprice>5 then
set target profit 50
flag = 1
endif

if close[0]<low[1] and flag then
sell countofposition contracts at market
endif

01/06/2022 at 1:35 PM #184755 quote

JS
Participant

Master

Hi @RichardVeen

Remove the “Set Target Profit 40” at the top of your code.

(Otherwise it will reset every time to 40)

01/06/2022 at 3:44 PM #184766 quote

RichardVeen
Participant

Junior

Yes, you are right, it is working!

Thanks!

JS thanked this post
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